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Jonathan Shattuck thought he had a deal to buy a house for $1.825 million. Using e-mail, Shattuck and the seller had settled on the price.
- Jonathan Shattuck thought he had a deal to buy a house for $1.825 million. Using e-mail, Shattuck and the seller had settled on the price. The last email from the seller stated:Once we sign the P&S (purchase and sale agreement) we'd like to close ASAP. You may have your attorney send the P&S and deposit check for 10% of the purchase price ($182,500) to my attorney. I'm looking forward to closing and seeing you as the owner of 5 Main Street, the prettiest spot in Marion village.
a.Before the buyer's attorney had a chance to draw up the purchase and sale agreement, the seller informed Shattuck that he was not going to follow through on the deal as he had another buyer who was willing to pay $1.96 million. His argument is that there is no signed writing binding him to the deal. How do you think the court decided? Why?
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